Leap tax benefit preservation plan remains in effect.
M2 EQUITYBITES-July 15, 2013-Leap tax benefit preservation plan remains in effect(C)2013 M2 COMMUNICATIONS http://www.m2.com
Leap Wireless International, Inc. (NASDAQ: LEAP) reported it has amended its tax benefit preservation plan to provide that it will not be impacted by its recently-announced agreement to be acquired by AT&T.
The plan remains in place and continues to apply to acquisitions of Leap's common stock, other than the planned acquisition announced by AT&T.
AT&T and Leap entered into an agreement on July 12, 2013 for AT&T to acquire Leap. Lazard served as sole financial advisor to Leap. Wachtell, Lipton, Rosen & Katz served as legal counsel to Leap.
Headquartered in San Diego, Calif., Leap pioneered Cricket service affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, data and mobile Web services. For more information, visit www.leapwireless.com.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 15, 2013|
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